Insider Selling: Victoria’s Secret & Co. (NYSE:VSXY) Major Shareholder Sells 276,171 Shares

Victoria’s Secret & Co. (NYSE:VSXY) major shareholder International Pte Ltd Bbrc sold 276,171 shares of Victoria’s Secret & Co. stock in a transaction on Friday, June 26th. The shares were sold at an average price of $88.50, for a total value of $24,441,133.50. Following the completion of the sale, the insider directly owned 8,899,030 shares of the company’s stock, valued at $787,564,155. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

International Pte Ltd Bbrc also recently made the following trade(s):

• On Thursday, June 4th, International Pte Ltd Bbrc sold 27,758 shares of Victoria’s Secret & Co. stock. The stock was sold at an average price of $80.03, for a total value of $2,221,472.74.
• On Tuesday, June 2nd, International Pte Ltd Bbrc sold 1,107,672 shares of Victoria’s Secret & Co. stock. The shares were sold at an average price of $80.11, for a total value of $88,735,603.92.

Victoria’s Secret & Co. Trading Down 3.1%

Victoria’s Secret & Co. stock traded down $2.67 during mid-day trading on Tuesday, hitting $83.78. The stock had a trading volume of 1,948,095 shares, compared to its average volume of 2,335,659. The stock has a 50-day simple moving average of $61.92 and a two-hundred day simple moving average of $57.26. The stock has a market capitalization of $6.65 billion, a PE ratio of 45.04, a P/E/G ratio of 0.70 and a beta of 2.16. Victoria’s Secret & Co. has a 12 month low of $17.53 and a 12 month high of $88.57. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.31. Victoria’s Secret & Co. had a return on equity of 38.03% and a net margin of 3.11%.The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the business posted $0.09 EPS. As a group, sell-side analysts forecast that Victoria’s Secret & Co. will post 4.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on VSXY shares. JPMorgan Chase & Co. lifted their target price on shares of Victoria’s Secret & Co. from $77.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Barclays raised their price target on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Wall Street Zen cut Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 5th. Wells Fargo & Company upped their price objective on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Finally, UBS Group lowered Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and increased their target price for the company from $81.00 to $90.00 in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Victoria’s Secret & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $82.60.

Institutional Investors Weigh In On Victoria’s Secret & Co.

Large investors have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in Victoria’s Secret & Co. by 61.9% in the first quarter. Bank of America Corp DE now owns 632,358 shares of the company’s stock worth $29,316,000 after purchasing an additional 241,660 shares during the period. Edgestream Partners L.P. grew its holdings in shares of Victoria’s Secret & Co. by 113.9% in the 1st quarter. Edgestream Partners L.P. now owns 32,718 shares of the company’s stock valued at $1,517,000 after buying an additional 17,425 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Victoria’s Secret & Co. by 3.5% in the 1st quarter. Janus Henderson Group PLC now owns 57,928 shares of the company’s stock valued at $2,685,000 after buying an additional 1,974 shares during the period. Amundi increased its position in shares of Victoria’s Secret & Co. by 28.8% in the 1st quarter. Amundi now owns 20,308 shares of the company’s stock valued at $941,000 after buying an additional 4,537 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Victoria’s Secret & Co. by 23.5% in the 1st quarter. California State Teachers Retirement System now owns 84,333 shares of the company’s stock valued at $3,910,000 after buying an additional 16,044 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.

The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.